RS 11:1483
The board controls the fund, may invest it under R.S. 11:263, and must use specified warrant-signing and deposit rules for payments and bank deposits.
- Bank deposits
- Expenses
- Fund management
- Warrants
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46,252 statutes · page 37 of 2313
United States — Louisiana legislation
20 statutes shown from 46,252 source-backed records
The board controls the fund, may invest it under R.S. 11:263, and must use specified warrant-signing and deposit rules for payments and bank deposits.
Plan assets generally cannot be used for anyone else’s benefit, with limited exceptions for mistaken employer contributions and excess funds at termination.
Retirees who return to the same state department stay under the retirement laws of the system they left. Early-retirement retirees generally cannot be rehired by a state department for two years, with stated exceptions.
This section creates a separate, unfunded, non-qualified excess benefit plan.
This section defines several retirement-benefit terms used in the chapter.
An excess benefit participant receiving fund benefits is entitled to a monthly benefit, and the plan is administered by the board.
Employer contributions for this excess benefit plan must be handled separately and cannot be pooled with fund money or used to build up future retirement benefits.
This section says which retirement systems count as a "state, municipal, or parochial retirement system" for reciprocal recognition of retirement credit, and it applies retroactively to January 1, 1977.
A retirement system is established and must be run by a board of trustees for certain court clerks, employees, and beneficiaries.
The retirement system established by R.S. 11:1501 must be called the "Clerks' of Court Retirement and Relief Fund."
This section defines key terms used in the chapter and says a qualifying court reporter may stay in the fund and become eligible for retirement benefits.
A person who knowingly makes a false statement or falsifies records to defraud the system commits a misdemeanor and may be fined up to $1,000 or jailed up to 12 months.
The section lets certain retirement-system members receive service credit or pay contributions while getting workers' compensation benefits, with limits on how the credit is used.
Specified clerks and related employees must be members of the system while they are serving in those roles.
A member’s membership in the system ends if the member resigns, is dismissed, retires, or otherwise separates from service as a clerk or employee.
A retiree may be temporarily reemployed, but must not rejoin the system while reemployed, and the retiree and clerk must immediately notify the board of reemployment details.
A member is entitled to service credit for service rendered in the system if the required contributions were paid and not withdrawn.
A former member who is not eligible to retire may apply for and receive a refund of accumulated employee contributions, but payment is delayed until the application is certified, the person has been out of service for 60 days, and all contributions have been paid into the fund.
A former member who returns to the fund may repay withdrawn contributions with 8% compounded interest, and repayment restores canceled service credit and other rights.
A person who was eligible for membership in the fund but was not enrolled may get prior service credit, but only after required proof is certified and the required payment is made in full.
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